Business Intelligence Center

You are here: Home : White Papers : Budgeting & Planning : Budgeting : Abstract

6 Reasons to Switch to Cloud-Based Expense Management

Sponsored By Certify

Topics:
Accounting > Cash Flow
Budgeting & Planning > Budgeting

View White Paper Now

Free registration is required

Abstract:
Cloud-based expense management is quickly becoming the new norm in modern business. With the necessity for global access in the current business landscape, it makes sense to switch to a cloud-based system, particularly when operational costs can be reduced by up to 83%. The necessity for on-demand analytics is also the new norm, allowing for increased visibility and control. A cloud-based system increases T&E compliance an average of 40%, a boon for previously unmanageable T&E budgets. Increased reimbursement timelines reduce expense-related costs to an average savings of $33 per report. Global operations have become the current business standard, with companies requiring flexibility to easily transition between global currencies and languages. Labor costs can be reduced up to 60% with a cloud-based system, with 90% of cloud-based companies eliminating spreadsheets for expense management altogether. Cloud-based expense management is the most efficient and cost-effective method for managing T&E spend.
DETAILS
Sponsored by:
Released: February 18, 2014
Length: 10 pages
Format: PDF (355 kb)
These white papers are not created by the CFO.com editorial staff. In order to view these papers, you must register with CFO.com and agree to share your contact information with related product/service companies.

Search White Papers

advertisement